During its operation of the Lavergne facility, Firestone maintained a severance pay plan for the benefit of its employees. Prior to the sale, all the plaintiffs were employees of Firestone and, upon consummation of the divestiture, became employees of Bridgestone without losing a day of pay. In 1982, Firestone sold its Lavergne facility as an ongoing operation to the Bridgestone Tire Company.

The focus of this memorandum is limited solely to the issue of severance pay benefits. (1982), for the recovery of certain pension and severance pay benefits that allegedly were lost upon Firestone's sale of its Lavergne tire facility in 1982. § 1331, asserting claims under the Employment Retirement Income Security Act, 29 U.S.C. The case is brought by former nonunion, salaried employees of the Firestone Tire & Rubber Company pursuant to federal question jurisdiction, 28 U.S.C. This Court must decide whether employees who have not lost a day of pay or any significant deviation in their job responsibilities are entitled to severence pay benefits when their former employer sells the employee's place of employment to a successor corporation who immediately steps in and continues plant operations without an interruption in production. United States District Court, M.D Tennessee, Nashville Division. With a defined contribution pension plan, employers help employees save and invest for retirement. Bridgestone Americas offers defined contribution pension plans. To help ensure a dependable income flow later in life, a large number of workers participate in employer-provided pension plans. Bridgestone Americas also offers group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. Bridgestone Americas offers health, dental, and vision benefits. In this setup, employers are provided with tax deductions for their contributions and workers are provided with the insurance tax-free.

Like Bridgestone Americas employees, numerous Americans avail themselves of employer-financed health benefits, through which employers typically pay a large proportion of their workers' health insurance premiums. At Bridgestone Americas, they provide several types of retirement and welfare benefits.

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